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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.77 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against Binance−0.032%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Long on BinanceShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days+0.002%$0 · spread now −0.032%, 7d avg −0.042%
Together, before fees+0.007%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,728.90.0095pay 0.0095% / 8h7h 58m$6.32B$16.09B150x
ShortBingX ETH-USDC2,728.10.0018get 0.0018% / 8h7h 58m—$18.6M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$16.1
Price spread: −0.032% → −0.042%
$1.03
Slippage, 4 orders
−$0.48
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$35.55
Costs to cover
0.205%
Break-even
never at this rate
Slippage from Binance: live order book, 16 min ago; BingX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 16 min ago0.02 bp5.0 bp −$55.0 bp −$505.3 bp −$5318.1 bp −$4,046
Sell BingX live order book, 10 min ago0.22 bp5.2 bp −$55.5 bp −$556.9 bp −$6919.7 bp −$4,831

ETH on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,725.5−0.125%$274K$5.7M8.3xas long as short
Gate ETH_USDT−0.0097%8h2,729+0.003%$3.31B$8.17B200xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.1−0.030%$5K$1K50xas long as short
Bybit ETHUSDT−0.0024%8h2,728.2−0.027%$2.32B$4.32B150xas long as short
Phoenix ETH−0.0015%1h2,723.8−0.188%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.6−0.120%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,728.3−0.024%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.2−0.100%$6.7M$672.8M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.1−0.104%$264.3M$216.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.8−0.115%$32.9M—200xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDCshort+0.0018%8h2,728.1−0.032%—$18.6M—
01 Exchange ETHUSD+0.0064%1h2,729.5+0.021%$191K$884K50xas long as short
OKX ETH-USDT-SWAP+0.0078%8h2,728.2−0.027%$1.65B$10.74B100xas long as short
ApeX Omni ETHUSDT+0.0078%1h2,722.1−0.252%$8.4M$31.3M100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,724.2−0.172%$239K$1.4M20xas long as short
SoDEX ETH-USD+0.0081%1h2,725.2−0.137%$54.3M$182.6M40xas long as short
KuCoin ETHUSDTM+0.0083%8h2,727.5−0.052%$383.0M$575.8M100xas long as short
Aster ETHUSDT+0.0085%8h2,728.4−0.021%$252.3M$851.3M200xas long as short
MEXC ETH_USDT+0.0093%8h2,729.1+0.007%$1.58B$2.53B500xas long as short
Aftermath Perps ETHUSD+0.0093%1h2,724.6−0.160%$30K$20K20xas long as short
Binance ETHUSDTlong+0.0095%8h2,728.9long leg$6.32B$16.09B150x
Lighter ETH+0.0096%1h2,727.8−0.042%$112.3M$399.6M50xas long as short
Lighter RH ETH+0.0096%1h2,729+0.002%$23.4M$95.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,724−0.180%$4.9M$191K20xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.6+0.063%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9−0.037%$14.1M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,730+0.039%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,728−0.034%$32.1M$332.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.2−0.027%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,729+0.001%$1.6M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.1−0.067%$161.7M$337.0M25xas long as short
Bitget ETHUSDT+0.0100%8h2,728.8−0.006%$2.11B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726−0.109%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,723−0.219%$131.2M$318.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,722.3−0.241%$185.2M$683.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.8−0.189%$158.3M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,726.2−0.100%$20.9M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.4+0.017%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.1−0.067%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.4−0.130%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.4−0.092%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.4−0.056%$40.5M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,724.7−0.153%$955K$10.7M100xas long as short
HTX ETH-USDT+0.0100%8h2,725.4−0.129%$1.05B$1.21B200xas long as short
Phemex ETHUSDT+0.0100%8h2,726−0.109%$262.7M$64.0M150xas long as short
Extended ETH-USD+0.0104%1h2,726.3−0.097%$30.4M$71.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,725.1−0.140%—$30.1M500xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,725.8−0.114%$81.9M$310.4M100xas long as short
BloFin ETH-USDT+0.0107%8h2,725−0.144%$280.6M$177.6M150xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,726.6−0.085%$46.7M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,728.8−0.003%$5.6M$11.6M25xas long as short
Reya ETHRUSDPERP+0.0176%1h2,724.5−0.162%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,727.8−0.041%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,728.4−0.019%$117K$18.9M52xas long as short